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ECONOMYNEXT – The Colombo Stock Exchange closed up on Tuesday, on a continuous run, data on its site showed.
Turnover was at 1.4 billion. This was mainly from high net worth and retail interest.
“The market opened down, and there was some selling pressure initially, but by mid-day buying interest had returned,” market participants said.
The broader All Share Index closed up 0.45 percent, or 50.37 points, at 11,175; while the S&P SL20 Index closed up 0.20 percent, or 6.28 points, at 3,181.
The food, beverage and tobacco sector contributed 371 million to the day’s turnover. Other sectors that attracted interest were diversified financials (217mn), banks (209mn), and capital goods (201mn).
“There was buying in the banking sector. Funds flowing into banking and conglomerate shares.”
Sampath Bank Plc (33mn) up at 76.00, Commercial Bank of Ceylon Plc (16mn) closed flat at 94.00, Pan Asia Banking Corporation Plc (55mn) up at 20.10, Hatton National Bank Plc (46m) up at 160.00.
Major contributors to the Index included Aitken Spence Plc up at 135.00), Ceylon Tobacco Company Plc (up at 1,128.75), Cargills (Ceylon) Plc (up at 353.75), and Richard Pieris and Company Plc (up at 21.50). (Colombo/Mar12/2024)
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